State-owned enterprises index fell 223 points at noon 50 Day line

State-owned Enterprises index repeatedly soft this morning, after several struggles to lose the 50-day line of important support, the noon fell 223 points, or 2.11%, close to 10,351 points, a half-day transaction of HK $7.88 billion, compared to last week significantly reduced. From the view of the city, the outer atmosphere is soft, and related funds to leave the Asian market two weeks of reports, all of the crackdown on market sentiment, while the mainland A shares in the IPO restart the news under the influence also see adjustment, to the state that no doubt worse, the technical state refers to the double top of the light form increasingly clear, once the neck line is also lost Mean future decline will further aggravate.　　That is, the month refers to fall 275 points to 10,332 points, low water 19 points, the contract 16631. State-owned enterprises generally lower share prices, financial stocks led the decline, Bank of Communications (3328-HK) and China Ping ' an (2318-HK) 3.31% and 3.13%, Construction Bank (0939-HK) also fell 3.04%, China Merchants Bank (3968-HK) and ICBC (1398-HK) down about 2%, The performance of the strike Index. The ratings agency believes that China's asset quality is expected to deteriorate this year and credit risk increases as credit scales grow too fast in the first half. Metal stocks have also been dumped, Chinalco (2600-HK) fell 3.48%, Angang 0347-hk fell 3.05%, and Zijin Mining (2899-HK) terminated its bid for the Kazakh gold mine, which fell 1.35% per cent. Shanghai Petrochemical (0338-HK) is supported by the short-term decline in oil prices, against the city Rose 7.27%, the most powerful component stocks, the parent company Sinopec (0386-HK) also ran to win the big city, down 0.98%. Auto shares are also in hot Pursuit, Dongfeng Group (0489-HK) rose 3.24%, Brilliance China (1114-HK) and June Wei Automobile (0203-hk) rose 5.49% and 2.71%, Geely Motor (0175-HK) rose 5.16% , the fund after the Chinese auto sales in June after the new high, after the same shares.